ESPN is where you really make the money. You're definitely losing money on Monday Night Football, but it's important for advertisers who can now buy spots all year round on all four major sports.
In the next year to five it'll be a much more competitive field, ... There's a lot of money to be made but a lot of pitfalls as well.
To really make money you have to own the media assets (but) the Chinese are not going to let (U.S. broadcasters) own a lot of spectrum or TV stations.